Loan Amount
Up to ₹75 Lakh
Interest Rate
Starting at 15%* p.a.
Loan Tenure
6-48 Months

Get a Collateral-free Business Loan in Warangal

Warangal is the fifth largest city in Telangana and is a prime tourist attraction known for its historic architecture and evolving business landscape. The city’s economy relies predominantly on cotton, chillies, grams, etc. From raising capital to hiring employees, get a Business Loan  in Warangal from Poonawalla Fincorp and utilise the loan amount to meet any business needs. Secure a loan amount of up to ₹75 Lakh at competitive interest rate with minimal documentation, quick approval, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan Amount High Loan
Amount
Collateral-free laon Collateral-free
Loan
Attractive Interest Rates Competitive
Interest Rate
Minimal Paperwork Minimal
Documentation
Quick
Approval
Flexible
Repayment Tenure

Business Loan EMI Calculator

Calculate your monthly repayments with our EMI calculator. Just enter the loan amount, tenure, and interest rate. Try now!

Optimise Your Business Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
15 %
30 %

Tenure

Months
6Months
48Months

Apply for a Business Loan in Just 3 Steps

Click on "Apply Now”

Tap the "Apply Now" button to initiate your application.

Enter Details

Enter your DOB, PAN card number, monthly income, and residential details.

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Business Loan in Warangal

Fulfil our simple eligibility criteria to qualify:

  • Age: Between 24 and 65 years.
  • Citizenship: Indian.
  • Business Vintage: Minimum 2 years.
  • Annual Turnover: Minimum ₹6 Lakh.

Documents Required for a Business Loan in Warangal

Skip the heavy paperwork and submit just the essential documents:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the documentation in detail.

Interest Rate and Charges for a Business Loan in Warangal

We offer Business Loan at attractive interest rate and nominal charges:

Interest Rate
15%* p.a. onwards
Loan Amount
₹5 Lakh to ₹75 Lakh
Loan Processing Fees
Up to 3.5%
Lowest EMI Per Month
Starting from ₹13,915* per Lakh for 48 months
Loan Tenure
6-48 months
Prepayment/Foreclosure Charges
Up to First 6 EMIs: 6% on principal outstanding + taxes

After 6 EMIs: 5% on principal outstanding + taxes
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Different Uses of a Business Loan in Warangal

  • Funding working capital needs
  • Purchasing inventory
  • Funding marketing campaigns
  • Research and development expenses
  • Renovating office spaces
  • Purchasing of machinery

Who Can Get a Business Loan in Warangal

  • Small business owners
  • Women entrepreneurs
  • Retail shop owners
  • MSMEs
  • Sole proprietors

Tips for a Successful Business Loan Application

  • Check your credit score
  • Demonstrate healthy repayment abilities
  • Ensure you meet the eligibility criteria
  • Arrange all the required documentation
  • Provide accurate information
  • Avoid multiple applications

Poonawalla Fincorp Branch Address in Warangal

Poonawalla Fincorp Limited

Address: 3rd floor, Kandakatla's Gateway, Block D, Shop No.12 & 13, No.5-11-503 & 504, KUC Cross Road, Naim Nagar, Hanamkonda, Warangal, Telangana-506009

Contact Number: 1800-266-3201 (Toll Free)

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)

 

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

When is the most appropriate time to avail of a Business Loan?

A Business Loan is a source of business financing that offers funds to fulfil all your business needs, such as working capital requirements, funds for scaling up operations, inventory management, launching new products, spending on marketing, etc.

What are the applicable late penalties on a Business Loan?

Upon defaulting on our Business Loan EMIs, a penal interest of 2% is levied on the defaulted EMI amount each month. Additionally, for bounced cheques, a penalty of ₹500 per bounce is levied.

Are there any prepayment charges for a Business Loan?

Yes, there is a fee for prepaying a Business Loan. If you choose to prepay the loan within the first 6 EMIs, you will be charged 6% on the principal outstanding plus taxes. If you decide to prepay the loan after the first 6 EMIs, the fee will be 5% on the principal outstanding plus taxes.